US stocks edge lower as investors wade through earnings and labor-market data

US stocks edge lower as investors wade through earnings and labor-market data

US stocks declined Thursday as investors assessed a new round of earnings reports and jobless claims at pandemic-era lows while seeing worries over the Evergrande crisis in China resurface. All three of Wall Street's big equity indexes were slightly lower, with the broad S&P 500 index on the verge of ending a six-session run of wins. On the Dow Jones Industrial Average, IBM shares dropped following a quarterly revenue miss by Big Blue. US stock futures and other global stock markets came under pressure as embattled Chinese property developer Evergrande Group shares resumed trading after a suspension of more than two weeks. The stock in Hong Kong after a $2.6 billion deal . Investors have been concerned about a potential collapse of Evergrande and how it could ripple through global financial markets. The US Department of Labor on Thursday said , setting them at another pandemic-era low. Jobless claims reached 290,000 last week. The median estimate from economists surveyed by Bloomberg was for a slight increase to 300,000 claims. "At 290,000, weekly US initial jobless claims again came in better than expected. [That] Will reinforce the move among more officials judging that the "substantial further progress test" has been met.